Business & Finance News
(Reuters) – Colgate-Palmolive Co’s said on Friday first-quarter sales were below its expectations as demand in emerging markets including Latin America was muted, sending its shares down nearly 4 percent in premarket trading.
(Reuters) – Canada’s oil producer and refiner Imperial Oil Ltd reported a 55 percent rise in quarterly profit, as strength in its refining and chemicals businesses offset discounted Canadian crude prices.
(Reuters) – Nasdaq futures rose on Friday, after stellar results from Amazon, Microsoft and Intel, while other stock index futures were subdued ahead of first-quarter U.S. GDP data.
OSLO (Reuters) – Executive pay is firmly in the crosshairs of Norway’s $1 trillion sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in.
(Reuters) – Colgate-Palmolive Co’s quarterly sales just met analysts’ estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3 percent in premarket trading.
SAN FRANCISCO/NEW YORK (Reuters) – Amazon.com Inc’s expanding business of selling space on its site to merchants helped it double profits on Thursday, and some see the move as a step toward taking advertising dollars from Google and Facebook Inc.
MOSCOW/LONDON (Reuters) – Russia’s Rusal will overhaul its board and management in the hope the United States will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, two sources told Reuters.
LONDON (Reuters) – World stocks rose on Friday, lifted by strong share price gains for tech giants such as Amazon and Facebook and growing hopes of a lasting peace on the Korean peninsula after a ground-breaking meeting of North and South Korean leaders.
MOSCOW (Reuters) – Russia’s Rusal will overhaul its board and management in the hope the United States will remove the aluminum firm from a sanctions list so it can restart shipments to its customers around the world, two sources told Reuters.
LONDON/NEW YORK/SINGAPORE (Reuters) – After bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say.
BERLIN (Reuters) – Volkswagen expects productivity at its core autos brand to keep growing in the months ahead because of cost cuts and full availability of higher-margin models launched last year.
QINGDAO, China (Reuters) – When Dalian Wanda, the Chinese conglomerate, announced in 2013 that it would build an $8 billion film studio in China to lure U.S. film producers, it did so with Hollywood flash.
SINGAPORE (Reuters) – Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade.
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co , the world’s largest contract chipmaker, is planning a T$400 billion ($13.50 billion) investment to expand its research and development capacity for future technologies, a company spokeswoman said on Friday.
PARIS (Reuters) – Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets.
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